facility on the island of lawok. to manage threats from china and from north korea. the new defense minister has revealed plans to strengthen the self-defense forces. addressed about 600 senior officials from the defense ministry and the self-defense forces on his first day on the job. >> translator: our nation's security is under increasing threat. we need to review our capabilities both in quality and quantity. >> he pointed to the dispute over the senkaku islands in the east china sea. chinese planes have flown into and around japanese air space in the area and chinese ships have sailed into japanese waters. he said he's also concerned about north korea's nuclear and missile development programs. >>> newly released details showed myanmar canceled a visit of sdf vessels out of consideration of china. two ships were scheduled to visit on the way back from mine sweeping drills in the persian gulf. no japanese vessel has ever made a port visit to the country. myanmar was under military rule for almost 25 years. the nation has been strengthening ties with japan and western nations sin

force to launch insider attacks. >>> japan'air self-defense force scrambled fighter jets after a chinese aircraft came close to japanese air space. the aircraft was flying near the senkaku islands in the south china sea. the defense ministry says the asdf spotted a wide 12 propellor aircraft on its radar. the plane was approaching from the north. it released f-15 fighter jets from the chinese prefecture. it flew within 120 kilometers of the islands but left without raiding japanese air space. the afdf dispatched fighters in response. a wide 12 aircraft also approached the islands last saturday but left without violating japan's air space. >>> a chinese think tank says it can't rule out the possibility of clashes breaking out between japan and china over territorial disputes. the government-affiliated chinese academy of social sciences released its assessment of the international situation in a report on monday. referring to the budget in japan, they reported china-japan is in the worst state. it adds that tensions could be eased through diplomatic channels. china has repeatedly sent ship

>>> welcome to "this week in defense news." i'm vago muradian. with everyone from terrorists to grandparents using social media, we'll look at how dod and the cia are exploiting this new technology as a powerful intelligence tool. then with washington mired in political gridlock we take a closer look at the last great senate. but first, the nonpartisan stimson center recently released a report, a new u.s. defense strategy for a new era that outlines four approaches for cutting defense spending but maintaining capability. stimson's co-founder barry blechman spearheaded the study. the report has become a must- read for anyone involved in the coming defense review or budget planning team. barry, welcome to the team. >> thank you, vag go. >> congratulations for your slot on the defense news top 100 most influential people. >> that was the biggest thrill of the year. >> so let's start off with the report. each report begins with assumptions about threats to the united states to be facing and what's going to be needed to meet them what. are those threats and what's the right strategy

are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by mid-2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1st because the irs and other agencies didn't expect it to come to this. it could be a few weeks before workers see more money being withheld in their paychecks. >>> george h. w. bush is in intensive care. a fever that kept him in the hospital over christmas has gotten worse. a bush family spokesperson says the 88-year-old was alert and joking with doctors but has yet to respond to fever re-reduce reducing medication. >>> there is a settlement in the runaway car debacle. the payout coming to million was toyota drivers. >> i opened it up and i saw sue's name. and right away, i thought a card from an angel! >> lost and found. the thrift store discovery that managed to connect friends that were lost and found a new friend along th

in the previous cabinet. onodera is defense minister. he's well versed in dip ro mat tick and security issues. he chaired a lower house committee in okinawa and the northern territories. a newly created post for akira amari for the council on economic and fiscal policy which was cut by the previous government. we asked people in central tokyo what they expect from the abe administration. >> translator: i hope it will fix the economy and energize japan. >> translator: i want a new cabinet to use tax-free on the tsunami survivors. i really have a high expectation about this. >> translator: i want a new administration to listen to the voices of young people and do something new because nothing really seems to have changed. >> abe takes charge as japan is embroiled in some difficult relations with its neighbors. a former u.s. official hopes the new government will rebuild regional ties and those with the u.s. former deputy secretary of state james steinberg was a leading advocate for the asia pacific region. he welcomed abe's plan to make his the first foreign destination. >> i th

maintain the sea lanes in that area, whatever the challenge might be. even as we reduce our defense budget, therefore we must maintain and would maintain a powerful navy, and that that navy would be charged with maintaining the freedom of those sea lanes. we had, of course, to be concerned as to whether there would be a challenge for that. we observed that the rise and shine has more energy needs for more energy than they can produce themselves, and to maintain the economic growth which they believe is essential. we observed that the south china sea is a potential source of energy supplies for china and that there is a contention among the nations in that region as to where the ownership and rights of access are to the south china sea. and this is conceivable that china might seek to reestablish its claim there by military coercion and that could lead them into a confrontation with the united states' desire to maintain free access. the best way of avoiding that military conflict is what we should see because the military conflict with china would be catastrophic for both nations, in

constitution that allows only a military for self-defense. >> this is how to reshape of the culture of japanese postwar society. he has written about these things in the past and that is what he is concerned with. >> a cabinet of new faces from his liberal democratic party. they will have to win over a public weary of revolving door politics and convinces people that the best of times is still ahead. >> toyoda agrees to pay more than $1 billion to settle legal claims. the problems were found in many hybrid models that covers direct payout to customers and will go towards installing a break overrides system in 3 million cars. former car owners sold vehicles below the value because of bad publicity. the deal still needs to be approved by california federal judge. i am joined by the adult professor of economics at nyu, could have you with us. it is potentially one of the biggest settlement in history in the u.s.. if a sign of how serious this case is. >> is certainly is a large amount. nobody is for defective vehicles, but i think it is a bit punitive and excessive. the larger issue is

attacks. >>> japan's air self-defense force scrambled fighter jets after a chinese aircraft came close to japanese air space. the aircraft was flying near the sunkoku islands in the south china sea. the defense ministry says the asdf spotted a wide 12 propellor aircraft on its radar. the plane was approaching from the north. it released f-15 fighter jets from the chinese prefecture. it flew within 120 kilometres of the islands but left without raiding japanese air space. the afdf dispatched fighters in response. a wide 12 aircraft also approached the islands last saturday but left without violating japan's air space. >>> a chinese think tank says it can't rule out the possibility of clashes breaking out between japan and china over territorial disputes. the government-affiliated chinese academy of social sciences released its assessment of the analyst situation in a report on monday. referring to the budget in japan, they reported china-japan is in the worst state. it adds that tensions could be eased through diplomatic channels. china has repeatedly sent ships into japanese waters around

. it is intended to solidify its defense on the islands and shoals. nhk world, manila. >> some asean nations are taking a hard stance but sources have revealed that myanmar canceled what would have been the first port call by the self-defense force vessels. myanmar wanted to prevent a strong reaction from china. informed sources say two japanese mine sweepers were due to stop at myanmar's largest city but it was called off at myanmar's request. relations between japan and china remain tense. japan owns the islands, both china and taiwan claim them. myanmar has made other moves out of the consideration for china despite the criticism from the west in november. police in the country cracked down on demonstrations against a copper mine operated by a chinese firm and a firm linked to the military. over 70 protesters were injured and forged close relations with china during the military rule when western countries imposed economic sanctions on the country in the past two decades, investment from china has totalled $14 billion. >>> as china increases its economic and military clout, asean

maritime interest in the area. it is intended to solidify its defense on the islands and shoals. nhk world, manila. >> some asean nations are taking a hard stance but sources have revealed that myanmar canceled what would have been the first port call by the self-defense force vessels. myanmar wanted to prevent a strong reaction from china. informed sources say two japanese mine sweepers were due to stop at myanmar's largest city but it was called off at myanmar's request. relations between japan and china remain tense. japan owns the islands, both china and taiwan claim them. myanmar has made other moves out of the consideration for china despite the criticism from the west in november. police in the country cracked down on demonstrations against a copper mine operated by a chinese firm and a firm linked to the military. over 70 protesters were injured and forged close relations with china during the military rule when western countries imposed economic sanctions on the country in the past two decades, investment from china has totalled $14 billion. >>> as china increases its econom

murder victims will be presented in court. we hear from the defense on how it supports their case and who is see it. >> he's nailed the lid on the coffin. >> one family opens up about their experience and what this could mean for children who need loving homes. >> the made in china label is taking on a new meaning for this woman. >>> it's moving closer and will be here in the morning. inches of snow are just to the west. wyatt everhart has been monitoring the situation for days now. when do we expect the snowfall to hit because a lot of people are trying to plan their day. >> expect to wake up to the beginning of the this storm. snow showers just before dawn. most of us start with snow, and then the changeover and then it will move somewhat north. this is going to be throughout the day on saturday. it includes all of our northern count aies. hartford -- counties. hartford down through howard. not to say that areas across to kent island. you will get a few hours of snow in the morning, an inch or two of slush. temperatures now depends where you're looking at. we're below freezing i

britain's plans for strengthening its defense ties with the region's royals. the next. almost three billion dollars of defense smoker deals have been signed between russia and india president putin's on a visit to new delhi cementing ties with fast growing economies as they continue to try and boost the global influence financial reports on how their improved world standing is worrying so with the west russia and india have signed around three billion dollar worth of military contracts today and many experts have already said that that is very important and that is very symbolic why this theme is that today india is number one one point importer in the world and russian made equipment accounts for more than seventy percent of the indian military supplies but recently india has signed many contracts with you guys and israel and some have started saying that russia is losing its role its position in this particular region region and especially on the indian military market with all these contracts signed today we can say that's not the case and cooperation is still very high and russi

india on monday as president bruton sold billions of dollars in new defense deals with the country and the talks in new delhi india's prime minister manmohan singh agreed to purchase several dozen rushes by to draft and military helicopters moscow's india's main on supply and walls to keep it that way become true recently began to diversify its defense imports shopping for western made weapons washington is also trying to woo india in an effort some say to trump china's role in the asia pacific region but historian depart to part he believes that it's not in daily interests to irritate beijing. india is careful not to play that game because china being the bigger power in in. east asia it is not a good idea of for india to provoke china the americans would like to boost india against china but there is. quite a lot of awareness in delhi there that's not the way the indians should go on strategic matters military hardware sectors that means to be in. the public sectors steel mills chemicals. other things nuclear plants that's where the relationship between india and russia is going

that. he was a courageous guy that cut the defense budget by 20% in the late 1950's and there's the defense budget cuts in the late 1950's within a number of reason we have the silicon valley. a lot of radio engineers have moved out there and was a beautiful part of the country suddenly they didn't have jobs. and those people were saying well, you know, we want to stay here. and they created p equipment all the rest. so we were in a very tenuous moment. we had a financial crisis and on top of the there was the financial crisis that led to that crisis in the industry. adding on top of that, psychologically the failure of the big three auto makers tough call. by the become i don't know why anybody in this presidential election notions that this is a bush program. i mean, i have a chapter about left, right come forward and i am not concerned that this. start with one out of fenestration and continue to the other. so you know, that's not what it's about either. but what would happen if we let it go? there would have been of this manufacturing, all these contracts out the door. couldn't

windows software and flashy new tablet are getting high marks is on the defensive. >> what is your response? >> the pc has never been dead. it never will die. it moves on. >> reporter: sounds good but even rookie investors have their eyes elsewhere. >> your biggest holding was apple. why did you pick that? >> apple has great products like the i-phone and i-pad. >> reporter: leave it to kids to keep it real. for many the pc wow factor is gone for good. >> unless you dropped it or hurt it or done something to it or the hard drive is about to drive there is no reason to replace it. this is a definition of a mature market. >> reporter: on the flip side replacement of product is what apple is all about. analysts predict they may sale 50 million i-phone 5's by the end of the yearn. 2012 they released three new versions. all of which have been taken by consumers. despite knocks against the stocks shares up almost 30%. online retailing giant amazon which battles it out in the tablet out with the kindle fire is up over 50% as the ceo seemingly goes from strength to strength. >> i think jeff

for both military and civilian purposes. it is useful in setting up china's national defense. >> chinese government representatives say the country has launched 16 satellites for bds. they say they plan to put several more into orbit to expand global coverage by 2020. bds is designed to compete with the u.s. global positioning system which has a lock on the consumer market. officials say bds is accurate enough to distinguish objects that are ten meters apart. they started operating the system on an experimental basis a year ago. they have tested it in government cars. they believe chinese fishing surveillance ships operating in the waters near the senkaku islands are also equipped with bds. . shoppers and store staff. the eight by five meter aquarium contained sharks, turtles and fish and located inside a shop and was facing the street. surveillance video shows water gushing over customers and knocking down store displays. a small official says the tank was installed two years ago. shanghai city authorities said the main cause of the accident was deterioration of the glass. t

year. thank you very much almost three billion dollars of defense deals have been signed between russia and india president putin is on a visit to new delhi cementing ties with fast growing economies as they continue to try and boost their global influence here is a to use money for national details show and india have signed three billion dollars worth of arms contracts today this includes a purchase of forty two additional russian fighter jets which will be assembled here in india and almost sixty multi-purpose helicopters currently the raf more than two hundred fighter jets and dozens of russian choppers in use by aegis air force in the investment field the two countries are also making some significant progress the russian direct investment fund and india state bank are setting up a two billion dollars consortium that can invest into different projects in both russia and india in never gave knology area india will participate in the development of russia's. global positioning satellite system papers have been signed today here in delhi russia and india have also discussed coo

military is ready and willing to defend the territory. the defense white paper notes the islands are an inherent part of south korea. geographically, historically and under international law. it features three photos of the islands. one shows the navy staging a drill in nearby waters. the report says the military has a strong willingness to defend the islands and has prepared a deterrent strategy. as in past reports, this latest white paper also uses the phrase enemy to define north korea. it notes the reclusive nation has honed missile technology through several tests and cites analysis of satellite images and concludes that scientists are enriching uranium at a new facility. >>> the defense and foreign policy files are just two in a stack that will be on park's desk when she takes over as president. many south koreans want her to rein in the country's conglomerates. these big business blocks have helped fuel the economy but they've also been suffocating small and medium sized companies. our reporter has the story. >> reporter: this man loves serving up bread and other goods to cust

the fiscal cliff is making him bullish, believe it or not. and it is time to get defensive. larry, we will begin with you. how can you see this sorting out at the end of the day, a big deal, a little deal, no deal at all, what is the outcome? larry: the odds are pointing to a mini deal. expectations for a big deal are fading and fading quickly. it looks like it will be a mini deal with the tax extension will help those making under $250,000 per year and will not address the debt ceiling or spending or anything like that, it will be a patchwork of things that will make the market very nervous but given it is christmas eve, people are little bit negative but most christmas shopping. david: larry, round this time the irs issues its formal withholding guidance for the coming year. >> it'll be a bigger document than what we are used to because it will be giving guidance they are not sure even how to give guidance because they don't know what will happen. what i have been told by traders and people working in that industry is they will get guidelines assuming some sort of mini deal gets

, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could be professional athlete. or it could be you. studies show, the earlier we get to kids, the better their chances. so become a united way volunteer reader, tutor or mentor. make a difference in the life of a child. for the life of that child. give. advocate. volunteer. live. united. join your favorite nfl players. take the pledge. go to unitedway.org. >> google. intel. e-bay. yahoo, think of the wealth they created. 100,000 millionaires. and south africa computer program has it easier than when the indians want to come in but they have to wai he would have to wait six years. what if america did nott google or yahoo founders in? we would have lost a lot. so, since american politicians are not taking steps to change the rules to allow

station, among other issues. itsunori onede virginia. is defense minister. he has chaired a special lower house committee on okinawa and other terrors to and head of the ldp's foreign affairs division. economic revival minister is akira amari and i will spearhead a new task force on that issue and also responsible for the council on economic and fiscal policy, which is being restored after it was cut by the previous government. >>> shinzo abe is bringing a wealth of experience with him back to the prime minister's office, not just from his career but also from the lessons taught to him by his family. politic it is run in abe's blood. his grandfather was a prime minister. his father severed as foreign minister. abe launched his political career about 20 years ago. voters elected him to the lower house. his father died while running for prime minister. >> translator: i will fulfill my grandfather's wish. >> reporter: he was deputy secretary when he attended a trip to north korea ten years ago n 2006, he became japan's youngest postwar prime minister at age 52. >> translator: i am dete

expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few weeks before workers see more money being withheld in their paychecks. cbs news in hawaii. >>> former president george h.w. bush is in intensive care at a hospital in houston. a fever that kept mr. bush in the hospital over christmas has apparently gotten worse. doctors have him on a liquid- only diet. a bush family spokesperson says the 88-year-old was alert, joking with doctors, but had yet to respond to fever- reducing medication. a bronchitis cough initially sent him to the hospital in november. >>> a cash payout coming to millions of toyota drivers. >>> right away, i

the six arab gulf states have been discussing their defense strategies. they agreed to bring their military forces under a single authority. they also highlighted their concerns about neighbors iran and syria. the gulf cooperation council held a summit meeting in the bahraini capital manama. the leaders said they'll launch a joint military command and try to strengthen regional cooperation. >> translator: we agreed to set up a unified military command. and focus our defense capacities. to counter external threats. >> many gulf states are ruled by sunni muslims, but shias are staging anti-government campaigns in bahrain and saudi arabia. governments in the region say shia-dominated iran is instigating the protests. the council members also said they would push for the resignation of syrian president bashar al assad, an ally of iran. >>> officials in okinawa prefecture have requested the japanese government to scrutinize u.s. osprey flights. they say the military aircraft had over 300 safety violations in the first two months after deployment at the futenma air station. the officials

, susan, david are completely open, not defensive, which is unusual. incredibly helpful and i could not have done this book without them. so thank you, susan. six weeks after dwight eisenhower became president, stalin died. paik caught together top advisers and officials in that, what's the plan? .. is >> little bit like colonel sanders of kentucky fried chicken. was clearly a figure. ike was rooting for the general, the head of the red army was ike's ally in defeating the nazis in world war ii. eisenhower sent his son john out to do a little spying. john seidel up to him. things are not as they seem. president eisenhower did not find out who was really in charge until the fifth day of the conference, when ike proposed what he called his opened scottish plan. the big fear in those early days of the nuclear age was a surprise attack. so ike proposed that each country on the other countries to fly over head to take any preparation of an attack. the soviet delegation initially seemed like the idea, but at a reception afterwards a short round man came straight towards president eisenhower,

defense and a tree of high tech portraits and billions of dollars in deals are all of the table today as legislation moves from minister manmohan singh of the fast reactor to russian built nuclear power station and is also said to be launched soon marking a milestone a new delhi's biggest energy undertaking and let's get more on the state of relations between the e.u. with job political and william and dull where you are welcome to the program so with the west in the economic doldrums there are signs that the brics economies are slowing down too so how dangerous is that for the group would you say. well i think the the bric economies although that's a rather out of this a construct because of brazil's location far away but the eurasian economies are definitely realizing that the future and i said this for years now the economic future of eurasia including of russia as well as western europe by the way lies in closer economic cooperation throughout the regime down into the middle east northern africa and china and india are an essential part of that so the fact that putin is going to i

defense lawyer. and i said, what kind of a system is that? it is not a perfect system. system. there are problems. the important thing for us, i think, is keep working on them. your job is to go participate and take part. if you do not like it, it convinced the majority to go your way. if you do not like what is going on, there are legal aid societies. go into a courtroom. it is a messy system. it is not terribly efficient. hamilton and the others hoped it would be a kind of guarantee for certain basic liberties. i believe in that or would not spend so much time added. -- or i would not spend so much time at it. yes? >> thank you. i write the mitchell report. as i was listening to the beginning of this conversation, i was reminded of a wonderful conversation that took place probably 30 years ago between bill moyers and a former justice talking about the constitution. this question goes to what is at the heart of constitutionalism and the rule of law. in the course of that conversation, after a long discussion about constitutionalism, blackman turns to moyers and says it is really the

. it is mainly defense and training issues. it gets to the difference here between mr. affleck, the training of the second battalion until after there is a commitment from the congolese government to reform, versus dr. frazer's comments and mr. carafano's comments about focusing on the training. maybe it is the mission you think ought to be delayed current the other is the commitment to security reform. perhaps a good start by commenting, do you think we ought to move forward without a commitment to reform? mr. affleck, why is it important to you to have that reform first before moving forward? dr. frazer? >> i think we should move 4 right away. -- forward right away. the amount of time that it takes us to actually do a training mission, the lead time that is necessary, interagency work is necessary, it can be a very long time after the decision is made before we are actually doing that training mission. i do not think we should delay. i do not think it is a matter of policy, that we should use this issue, traded italian that can protect civilian lives -- we should not hold that up.

continues to develop its missile and nuclear programs. u.s. defense department. officials announced the $1.2 billion deal for the global hawk drones and related equipment. the aircraft can fly non-stop for 24 hours and identify objects the size of a golf ball from an altitude of 20,000 meters. u.s. officials say they revised a defense agreement with south korea to allow the sales and share the reconnaissance activity. the u.s. military has four global hawks stationed in guam. it's been urging japan to buy drones citing china's growing presence in regional waters. >>> north koreans celebrate the birthdays of kim jong un's father and grandfather but the young leader's special day hasn't been declared a national holiday. kim was reportedly born on january 8th. a recent 2013 calendar shows the date with simple black characters, but the birth dates of north korea's founder kim il sung and his son kim jong-il appear in large red letters indicating national holidays. experts say kim jong un's birthday isn't being recognized yet. they cite his young age and lack of experience as the country's l

>> welcome to the "journal" on dw. >> coming up in this half-hour -- >> the defense minister defects as rebels say they are making gains in some parts of syria. >> ceremonies being held in several asian countries to remember the victims of the deadly 2004 tsunami. >> we took a look at a mexican priest who set up a shelter for migrants seeking their fortune in the united states. >> fresh attempts are being made to find a diplomatic solution to end the syrian conflict. the syrian foreign minister has reportedly flown to moscow to discuss these proposals by the united nations envoy. >> meanwhile, activists say at least 20 people, many of them children, have been killed by government shelling in the north of the country, and in a setback for the government, the country's military police chief has defected. then he says he felt the army was no longer acting in the interests of the syrian people. >> the officer in this video identifies himself as the head of the military police. he says the syrian army is not protecting a country. instead, it is destroying cities and committing mas

was in there. i am not trying to do everything myself. just take what the defense gives me and be the leader. have confidence and just lead. >> we'll see sunday. warriors host philadelphia. 76ers and warriors highlights at 10:00. >>> a new list of cyber risks for 2013. we'll tell you which devices are most at risk. >> and are we facing a dairy cliff. why we may soon be paying double, double for a gallon of milk. thank you for trusting ktvu news. we'll see you the next time news breaks. we'll see you on 10:00 news tonight.

stupid people but you say low information voters because it sounds nice although in their defense it could be people who are just too busy you know with their lives or family in their work that they don't have time to focus on the election until the very last minute and then they vote based on the hairstyle of the candidate running for president as america's political elites continues creating new vocabulary to soften the hard truth a greater focus could instead be put into asking why so many issues need to be rephrased before being presented to the public george carlin created comedy about the strategy but it was george orwell who first coined a term for it newspeak reporting from new york. r.t. . the pentagon has informed the u.s. congress of its plans to sell for high altitude spy drones to south korea the deal is estimated to be worth some one point two billion dollars and would also include training and logistical support congress have the right to block the sale but reports address lawmakers were allowed to go through washington is going to sit at south korea's top ally rece

was maybe missing the problem. tom? >> i think it is important to realize that self-defense does not begin at the moment of conflict. there's self-defense that the society enables through regulations, through laws that have passed, through norms it tries to establish. and one of the big things that is missing from this debate, we can go back and forth and have a conversation about whether armed security would stop anything from happening, didn't help in columbine, but the bigger question is, we as a society, what does this say when you want to put more guns in your place of education, in your place where you send your 5, 6, 7-year-old children? is that the message, the sort of society that we want to be? or do we want to take self-defense before the moment of conflict? do we want to look at legislation? do we want to put policies in place that allow us to defend ourselves before we get to a point where we say, i wish that teacher had it. by the time we get to that point, it was too late. >> hailey, were your surprised by the press conference? >> i have been optimistic for the officia

know, the department of defense is planning to downsize the military over the next few years as we conclude our business in afghanistan. do you believe that the large amount of military personnel, dod contractors, and other support personnel will flood the job market and increase demand for goods? no. i don't think t will move the need. by the way, the army, navy, they don't move that fast. and if anything, there could be a peace dividend if we got to that where we would cut the budget deficit, a la happened in the '90s. i don't think you should look at this issue in a way to make money off it, though. it's really not a need mover. as a matter of fact, it can be negative for a lot of the defense companies as we know. they've been under a cloud because of these cuts. here's one from danny in new york. jim, i heard you say when considering playing the downside of an equity that you would short the stock rather than buy a put. please elaborate on your reasoning. i favor puts to avoid the high risk of a short position. danny, so glad you sent me this. if i created any misperception tha

united states, but it was a little defensive about it because, you know, he probably should have gotten rid of dulles. they are clearer in retrospect than they are at the time. ike was a great manager, but he was arguably a little slow to get rid of people. i think not in world war ii, no problem with sacking generals in world war ii, but maybe a little slow in his own administration, at least in the second term. this is one squishy area in his presidency. i spent a lot of time on it. my long study of intelligence on the outside, amateur at it, but presidents think you can snap your fingers, and the cia does miraclous things. it doesn't work that way. eisenhower did understand that. he was reasonable about this. this is all highly relevant because right now, i'm sure the united states is thinking about covert action on iran. the golden years of the cia are about to come back because we don't want to attack iran. we don't to bomb iran because that starts a war, but on the other hand, we don't want iran to get nuclear weapons. take those off the table, that leaves covert action. assad is